Belize Among Cheapest Country in Latin America for US travellers 

Belize ranked number 2 as the most affordable country in Latin America, behind Barbados in the number 1 spot. Yahoo Finance reports that airfare to Belize is USD 411, and accommodation costs are USD 199. It says, “Belize is a captivating destination known for its diverse natural beauty, rich cultural heritage, and adventurous experiences. Bladen Nature Reserve trails and the Mayan ruins are some of the most popular tourist attractions in the country.” 

The report was compiled by the stock advisory firm Insider Monkey. 

These countries secured the top spots in the affordability rankings for US tourists due to their inexpensive flight fares and accommodation costs.

Joining Barbados and Belize on the list of wallet-friendly destinations are Aruba, the Dominican Republic, and Ecuador. On the contrary, the report identifies Costa Rica, Antigua and Barbuda, and the Cayman Islands as among the most expensive countries for visitors.

It’s worth noting that airfare and accommodation expenses can vary significantly based on the traveller’s departure point, destination city, and choice of lodging.

Mordo Intelligence predicts that US travellers will significantly contribute to Latin America’s tourism revenue, which is expected to reach approximately US$52.18 billion this year. Despite the challenges posed by the COVID-19 pandemic, international arrivals in Latin America have shown signs of recovery, with figures returning to 88% of pre-pandemic levels in 2023, as reported by the United Nations World Tourism Organization (UNWTO).

This resurgence in tourism is reflected in the financial performance of travel services provider Booking Holdings Inc. In the latest quarter, the company’s revenue surged by 18.15% to reach US$4.78 billion, exceeding market expectations by US$73.37 million.